Common Stock Dividends; Common Stock Splits; Reverse Common Stock Splits. If the Maker, at any time while this Note is outstanding, (A) shall pay a stock dividend on its Common Stock, (B) subdivide outstanding shares of Common Stock into a larger number of shares, or (C) combine outstanding shares of Common Stock into a smaller number of shares, the Conversion Price shall be multiplied by a fraction the numerator of which shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding before such event and the denominator of which shall be the number of shares of Common Stock outstanding after such event. Any adjustment made pursuant to this Section 4(d)(i) shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.
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Sources: Restructuring Agreement (Emisphere Technologies Inc)
Common Stock Dividends; Common Stock Splits; Reverse Common Stock Splits. If the MakerCompany, at any time while this Note is outstanding, (A) shall pay a stock dividend on its Common Stock, (B) subdivide outstanding shares of Common Stock into a larger number of shares, or (C) combine outstanding shares of Common Stock into a smaller number of shares, the Conversion Price shall be multiplied by a fraction the numerator of which shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding before such event and the denominator of which shall be the number of shares of Common Stock outstanding after such event. Any adjustment made pursuant to this Section 4(d)(i3(d)(i) shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.
Appears in 1 contract
Sources: Restructuring Agreement (Emisphere Technologies Inc)
Common Stock Dividends; Common Stock Splits; Reverse Common Stock Splits. If the MakerCompany, at any time while this Note Warrant is outstanding, (A1) shall pay a stock dividend on its Common Stock, (B2) subdivide outstanding shares of Common Stock into a larger number of shares, or (C3) combine outstanding shares of Common Stock into a smaller number of shares, the Conversion Price number of Warrants shall be multiplied adjusted to the number obtained by multiplying the number of Warrants outstanding immediately preceding such an event by a fraction fraction, the numerator of which shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding before such event and the denominator of which shall be is the number of shares of Common Stock outstanding immediately after such the event and the denominator of which the number of shares of Common Stock outstanding immediately before the event. Any adjustment made pursuant to this Section 4(d)(i11(d) shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classificationreclassification.
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